GRP
- Market cap
- ₹ 897 Cr.
- P/E
- 130.9x
- P/B
- 5.23x
- 52-week range
- 1,500 – 2,143.4
- ROE
- 2%
- ROCE
- 7%
- Dividend yield
- 0.2%
- Debt / equity
- 1.16
- Sector
- Industrial Products
- Industry
- Rubber
- Listed on
- NSE, BSE
About
GRP Limited is an India-based company, which is engaged in the business of manufacturing of reclaimed rubber, custom die forms, engineering plastics and polymer composites. The Company’s other businesses include power generation from windmills, manufacturing of engineering plastics, custom die forms and polymer composite products. It has manufacturing plants in India and sales in domestic as well as international markets. It operates five business verticals (reclaim rubber, engineering plastics, repurposed polyolefins, polymer composite and custom die forms) with seven manufacturing units across India with an installed capacity to handle 81,200 metric tons per annum to service the needs of the global polymer industry. It produces reclaimed rubber from end-of-life tires, tread peelings, natural rubber and butyl tubes, and molded rubber products for use in both tire and non-tire rubber products. Its subsidiaries include GRP Circular Solutions Ltd and GRP Circular Solutions Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Rubber: 14 companies →GRP against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)130.9 against a typical 22.1: pricier than most peers (1st = cheapest).13th of 14
- Sales growth+26.7% against a typical +27.2% from a year earlier.7th of 12
- Profit growth+140% against a typical +44.4% from a year earlier.4th of 11
- Share price, 3 months−11.7% against a typical −11.5%.8th of 14
- Size₹ 896.5 Cr. market value against a typical ₹ 269.7 Cr. (1st = largest).4th of 14
Latest announcements
Exchange filings and their impact on the company.
- 8 MWp captive solar goes live, trimming power costs with tiny Rs 2.6 cr outlay.
GRP Limited has commenced commercial generation from 8 MWp of solar plants (2 x 4 MWp) at Ankleshwar and Panoli in Gujarat from October 19, 2026. The company disclosed an investment of Rs 2.60 crore funded in cash for 25 years of generation to supply its Gujarat manufacturing units at a preferential tariff. This captive green power should modestly reduce energy costs and support margins, though the scale is small versus its Rs 535 crore FY26 revenue.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB+ by CRISIL- CRISIL lowered its rating on 10 Dec 2025.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB+ | Stable | 10 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Dec 2025 | ▼ Downgrade | Crisil BBB+ | — | CRISIL | ₹ 152.62 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 23 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 10 Feb 2026 | Financial Results | To consider and approve the unaudited financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 9 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 114 | 110 | 138 | 126 | 132 | 132 | 160 | 124 | 132 | 135 | 145 | 157 |
| Expenses | 103 | 99 | 115 | 113 | 122 | 120 | 127 | 114 | 122 | 124 | 136 | 140 |
| Operating Profit | 11 | 10 | 23 | 13 | 10 | 13 | 33 | 10 | 11 | 11 | 9 | 17 |
| OPM % | 9.7% | 9.5% | 16.5% | 10.1% | 7.4% | 9.6% | 20.5% | 8% | 8% | 8% | 6.2% | 10.8% |
| Other Income | 0 | 0 | −2 | 0 | 0 | 0 | 0 | 1 | 1 | −1 | 1 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 7 | 6 | 15 | 7 | 4 | 6 | 26 | 3 | 3 | 1 | 0 | 8 |
| Tax % | 29.3% | 24.5% | 24% | 40.3% | 35.5% | 27.4% | 24.3% | 45.7% | 41% | 20.6% | 400% | 50.1% |
| Net Profit | 5 | 4 | 12 | 4 | 3 | 4 | 19 | 2 | 2 | 1 | −1 | 4 |
| EPS in Rs | 8.85 | 8.13 | 22.02 | 8.25 | 4.71 | 8.21 | 36.47 | 3.28 | 3.68 | 1.59 | −2.51 | 7.88 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 14%
- 3 Years
- 6%
- TTM
- 4%
- 10 Years
- −6%
- 5 Years
- 45%
- 3 Years
- −30%
- TTM
- −76%
- 10 Years
- 19%
- 5 Years
- 54%
- 3 Years
- 30%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 10%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| GRP | ₹ 1,769.90 | ₹ 897 Cr. | 130.9x | 5.2x | 2% | — |
| MRF | ₹ 1,18,300.00 | ₹ 50,213 Cr. | 22.3x | 2.6x | 12.3% | 7.8% |
| Balkrishna Industries | ₹ 2,125.00 | ₹ 41,080 Cr. | 32.1x | 3.6x | 11.7% | 11.5% |
| Apollo Tyres | ₹ 384.40 | ₹ 24,342 Cr. | 13.3x | 1.6x | 8.7% | 4.8% |
| CEAT | ₹ 3,070.90 | ₹ 12,448 Cr. | 19.2x | 2.9x | — | 3.6% |
| JK Tyre & Industries | ₹ 309.60 | ₹ 8,925 Cr. | 13x | 1.9x | — | — |
Management
- Sonal Jaju
- Compliance Officer, Company Secretary
- Harsh Rajendra Gandhi
- Managing Director, Executive Director
- Hemal Harsh Gandhi
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.